We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary … behavior (i.e., weakly dominated bids). -- Hormones ; Testosterone ; Estradiol ; Progesterone ; Cortisol ; Steroids ; Auctions …

We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …

Bidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end …-times. This paper examines the three explanations of late bidding in eBay auctions that survived the first scrutiny in Roth and …

This paper provides evidence of bounded rationality by large dealers in U.S. Treasury auctions. I argue that these … auctions are precisely such economic agents. …